Huawei Drives Forward with Massive Smart-Car R&D Investment
Huawei announced a major investment of over $10 billion in smart-driving R&D over the next five years. The initiative aims to enhance its computing power, solidifying its position as a leader in China's smart EV market, and features the debut of new technologies and partnerships with various automakers.
In a bold move to dominate the smart-driving sector, Huawei is set to invest over $10 billion in research and development over the coming five years.
Jin Yuzhi, Huawei's senior vice president, announced the initiative at an event in Beijing on Thursday, underscoring the company's ambition to enhance computing power for vehicle training.
This year alone, the tech giant plans to allocate 18 billion yuan globally towards smart-driving R&D, with 10 billion yuan specifically focused on boosting computing capabilities.
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